(PRESS RELEASE – Hong Kong, HK, July 5, 2024)
Zero-Knowledge Blockchain EVM Cronos zkEVM has announced the launch of its Pioneer Program. The initiative allows early adopters to earn points for their activity on Cronos zkEVM and for interacting with specific dapps.
The Pioneer Program has been designed to incentivize the Cronos community and reward early supporters for their active participation in both the testnet and mainnet. Its launch precedes the launch of the Cronos zkEVM mainnet, which is scheduled for Q3.
The program will be rolled out in stages over the coming weeks and will include a variety of community and social missions. These provide an opportunity for users to earn loyalty points while becoming familiar with the features and services available on Cronos zkEVM.
Going forward, users will be able to claim their points when using the ecosystem’s dapps, as participating dapps are expected to offer additional token yields and other benefits to point holders. These additional yields will be provided not only in CRO tokens but also in native dapp tokens.
As a result, users will be able to earn three layers of yield on their crypto assets as CRO: first, the staking yield that is natively provided by holding liquid assets on stake as zkCRO; second, the DeFi yield generated by various DeFi protocols in the ecosystem; and third, the additional yield that participating dapps will offer to loyalty point holders.
Ken Timsit of Cronos Labs said: “The community has been patiently awaiting the launch of the Cronos zkEVM mainnet and now the finish line is in sight. The Pioneer Program recognizes their invaluable efforts in helping refine the testnet and providing feedback over the coming weeks before and after the mainnet launch.”
To kick off the Pioneer program, the Cronos project is launching the Cronos zkEVM Passage campaign in partnership with Veno Finance. During this campaign that starts on July 4th and will last until the mainnet launch, users can accumulate points by locking and staking CRO in Veno-powered bridge contracts on the ethereum mainnet or the Cronos EVM blockchain. The crypto assets, staking yield, and accumulated Pioneer Points will be released upon the mainnet launch.
More information about Cronos zkEVM Passage: https://zkevm.cronos.org/puente
About Cronos
Cronos (cronos.org) is a leading blockchain ecosystem that has partnered with crypto.com and over 500 app developers and contributors representing an addressable user base of over one hundred million people worldwide. Cronos’ mission is to make it easy and secure for the next billion cryptocurrency users to adopt self-custody on the Web3, with a focus on decentralized finance and gaming.
The Cronos universe spans three chains: Cronos EVM, the leading ethereum-compatible blockchain built on the Cosmos SDK; Cronos POS, a leading Cosmos chain for payments and nfts; and Cronos zkEVM, a new high-performance Layer 2 network secured by ethereum.
Cronos is among the top 15 blockchain ecosystems and encompasses over $6 billion in user assets. Since its inception, it has securely settled over 150 million transactions.
Cronos is supported by Cronos Labs, a Web3 startup accelerator focused on DeFi, GameFi and the development of the Cronos ecosystem.
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